Aussies drivers keep on motoring to the tune of $73 billion

 

5 June 2015

Petrol has emerged as the unlikely hero of Australian motorists, driving down the cost of keeping their cars on the roads, according to the latest Bingle Cost of Motoring Index¹.

The annual Cost of Motoring Index, expanded this year to include South Australia and Western Australia, tracks and measures the ongoing costs faced by motorists including petrol, servicing and maintenance, parking and tolls and fines.

The 2015 Index reveals that while the collective national spend has reached more than $73 billion, the average cost per driver has dropped more than $400 to $5300 a year, a level not seen since the Index began in 2012.

Bingle spokesperson, Marcela Balart, said while much of the change was down to lower fuel prices, Aussie drivers were doing their part and modifying driving habits.

“Australian motorists were stung hard by last year’s high fuel prices which drove many to become more fuel conscious and savvy to the ways they could save on petrol usage,” Ms Balart said.

“In the past year, almost half of drivers surveyed said they had improved their driving style to be more fuel efficient; a quarter felt compelled to take alternative modes of transportation; and another quarter said they had reduced the number cars in the household.

“Two-thirds of drivers became more disciplined about filling up at the petrol pump on ‘cheaper’ days and one in four had bought a more fuel efficient car,” she said.

Ms Balart said the Index also highlighted paid parking, tolls and fines were areas for improvement, with all three costs remaining high.

“Our research shows many drivers are becoming increasingly accepting of these discretionary costs, however, there are many simple ways for people to reduce or avoid these altogether,” she said.

  • Research alternatives before you leave the house to avoid tolled roads and paid parking.
  • Obey the road rules to avoid being fined.
  • Keep your car well maintained to avoid expensive repairs down the track.
  • Drive smoothly and ease up on the lead foot to make sure you’re not making your car chew up more fuel than it has to.
  • Monitor your fuel consumption so you can budget against it.

“In isolation, these might seem obvious but it’s surprising how often these are overlooked and over the course of a year every dollar will go towards reducing your cost of motoring,” Ms Balart advised.

An analysis of the cost of motoring across the five states shows:

  • Queensland is the most expensive state to run a car with the average cost of motoring $5609 per driver.
  • In stark contrast, South Australia has the lowest cost of motoring at $4985.
  • NSW drivers are reining in spending on servicing and maintenance ($914), fines ($70) and petrol ($2431) – the lowest in the country.
  • NSW drivers fork out the most for paid parking and tolls³.
  • Queenslanders spend a lot of time on the road, but it’s costing them almost $3000 a year on petrol – the highest of any state.
  • Western Australia is the cheapest state for registration and insurance costs, however, is one of the most expensive for petrol, thanks to higher fuel prices.
  • Victorians continue to be the worst state for fines, spending almost twice as much as their NSW counterparts.

Average cost of motoring per driver

2012

2013

2014

2015

  Servicing & Maintenance

$993

$1035

$1008

$1019

  Registration & Insurance

      $1295

     $1332

     $1330

    $1303

  Parking and Tolls³

$240

$259

$272

$269

  Fines

$67

$76

$75

$90

  Petrol

$2785

$2907

$3052

$2617

Total

$5379

$5610

$5736

$5297

 

For media enquiries or to arrange an interview please contact:

Marcela Balart
Bingle Corporate Affairs Advisor
P: 02 8121 0298
M: 0422 483 371
E: marcela.balart@suncorp.com.au

¹Bingle’s Cost of Motoring Index tracks and measures the ongoing costs faced by drivers including servicing, maintenance, petrol, insurance, fines and tolls. Research agency, Nature, conducted an independent internet survey in 2015 of 2000 owner drivers from across NSW, Victoria, Queensland, South Australia and Western Australia. The Index is underpinned by costs sourced from the Government and other third party data which has been weighted using the latest Australian Bureau of Statistics and census figures.

²In 2015, South Australia and Western Australia data was added to the Index.

³South Australia and Western Australia figures reflective of parking costs only due to lack of tolled roads in the two states.